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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (87060)	8/25/2007 1:15:27 PM
From: Les H	Respond to of 306849

U.S. three-month Treasury bill yields rose from a two-year low as the Federal Reserve's move to cut its discount rate and the prospect of Treasury Department bill sales helped ease demand for the safest government securities. The Treasury will auction $24 billion in three-month and $19 billion in six-month bills on Aug. 27. It will be the biggest three-month sale since at least July 1990, when Bloomberg began compiling the data, and the largest six-month auction since March 2006. Investor appetite for the bills has risen along with concern that companies are having trouble rolling over commercial paper debt. The Fed and the Treasury Department ``are really doing their best to normalize the financial markets,'' Jamie Jackson, who oversees government debt trading at RiverSource Investments in Minneapolis, which manages $100 billion of bonds. ``They're succeeding. Liquidity has been better.'' The yield on three-month Treasury bills rose about 47 basis points, or 0.47 percentage point, this week to 4.22 percent, according to bond broker Cantor Fitzgerald LP. The yield fell to 2.505 percent on Aug. 20, the lowest since February 2005. bloomberg.com